Nanotechnology, the platform to improve costs, efficiency, and new functionalities, is an emerging technology to handle water and waste water globally. According to RNCOS’s research report on Nanotechnology Market Forecast to 2013, nanotechnology dealing with water and wastewater is expected to grow at a CAGR of approximately 20% in the period 2009-2013.
It also reveals that nanotechnology renders great environmental benefits for water management, sewerage systems, and water treatment such as desalination, recycling, decontamination, analysis, filtration, conservation, and monitoring.
The study showed that the major application of the over all nanowater market was the filtration process. However, it was estimated that the fields of irrigation and desalination may undergo major transformation during the forecast period as nanotechnology helps in reducing the costs of the desalination process and decrease water usage in irrigation.
According to research studies, industries using nanotechnology are in the initial growth stage. Since nanotechnology-based solutions are gaining importance worldwide, the industry has bright future prospects.
The market will harvest more revenues in commercializing the technology that uses nanotechnology in several applications.. The market has maintained sustainable growth in revenue with the incorporation of technology in various sectors to produce smaller, lighter, and efficient products.
The report defines the nanotechnology market by examining key trends and its developments. It provides the present and future position of nanotechnology market by analyzing the important applications and funding from different sectors. Country wise analysis including countries, Japan, Germany, US, South Korea, France, the UK, Taiwan, Ireland, India, China, Brazil, Australia, and Russia provides different markets potential by analyzing the eventual growth rates in different sectors. In addition, a vision on competitive landscape provides a thorough understanding of the market strategies.
Source: http://www.rncos.com